This site is intended to be used as an informational resource only limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links and it is not intended to provide any financial, investment, insurance, legal, accounting, or tax advice, and shall not be relied upon by you in that regard. Use of this site confirms your understanding and agreement of and to the following terms and conditions. The information contained on the pages of this site is subject to modification and update from time to time without notice. Accordingly, the publication of DIA’s web site on the Internet should not be construed by any consumer and/or prospective client as DIA’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by DIA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

Other Internet sites that may be accessed from this site by hyperlinks are entirely independent of this site. The inclusion of any site acknowledgments, identification of any person or entity in this site, or any hyperlink to another person or entity shall not, in any manner, be construed as an endorsement of such person's or entity's Internet site, products, services, or contributions to this site.

You agree that your use of the site shall be on an "as is basis" entirely at your own risk. Neither DIA, its officers, directors or partners, nor any of its affiliated entities, nor any officer, director, or employee thereof, nor any other person associated with the creation of this site or its contents, shall be liable or responsible to any person or entity for any loss, damage, expense or liability that may arise in any connection with your use of this site, including without limitation any direct, indirect, special, third party, or consequential damages. Without limiting the foregoing, DIA, its officers, directors and partners shall not be responsible for any detrimental reliance that you may place upon this site or its contents whatsoever.

Downtown Investment Advisory (“DIA”) acts as a fiduciary in every client relationship. We are a fee-only provider. The only payments we receive are from our clients and are specified in the Investment Advisory Contract. We do not accept commissions, soft dollars, 12(b)(1) fees or any other form of third-party payment. DIA is an independent firm and does not develop or sell any in house products. We are not a broker/dealer and do not engage in principal transactions. Our fees are not affected by our investment choices or any third party relationships we maintain currently or in the future. DIA manages accounts on a discretionary basis, as specified in the Investment Advisory Contract. Client accounts are registered separately in the clients’ names and are generally custodied at Charles Schwab & Co., Inc. or Interactive Brokers LLC. Client assets are never commingled or held in DIA’s custody.

Downtown Investment Advisory (“DIA”) is a registered investment adviser located in White Plains, NY. DIA may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. For information pertaining to the registration status of DIA, please contact the state securities regulators for those states in which DIA maintains a registration filing. A copy of DIA’s current written disclosure statement discussing DIA’s business operations, services, and fees is available at the SEC’s investment adviser public information website – http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_Search.aspx (where you can locate DIA by choosing search by Firm name) or from DIA upon written request. DIA does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to DIA’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Registration does not imply that DIA, or any individual providing investment advisory services on behalf of DIA, possesses a certain level of skill or training.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by DIA), will be profitable or equal any historical performance level(s).

This website does not constitute a solicitation to purchase or sell any securities, nor is it intended to provide specific investment advice. Past performance is no guarantee of future performance. Please click here for further disclosure information and terms of use. Registration with the SEC does not imply that DIA, or any individual providing investment advisory services on behalf of DIA, possesses a certain level of skill or training.

Interactive Brokers LLC is a registered Broker-Dealer, Futures Commission Merchant and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), and is a member of the Financial Industry Regulatory Authority (FINRA) and several other self-regulatory organizations. Interactive Brokers does not endorse or recommend any introducing brokers or third-party financial advisors, including Downtown Investment Advisory. Interactive Brokers provides execution and clearing services to customers of Downtown Investment Advisory. For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.